Playtika Holding Corp. (NASDAQ:PLTK) Receives $9.00 Average Target Price from Analysts

Playtika Holding Corp. (NASDAQ:PLTK) has received an average recommendation of “Hold” from the ten ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $9.00.

A number of research analysts have commented on the company. Macquarie reaffirmed a “neutral” rating and issued a $7.00 price objective on shares of Playtika in a report on Friday, November 8th. Roth Mkm upped their price objective on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $11.50 price objective on shares of Playtika in a report on Thursday, September 19th.

Playtika Trading Down 1.9 %

PLTK opened at $6.77 on Friday. Playtika has a 1-year low of $6.25 and a 1-year high of $9.15. The stock’s fifty day simple moving average is $7.82 and its 200 day simple moving average is $7.65. The stock has a market cap of $2.52 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 1.97 and a beta of 0.92.

Playtika (NASDAQ:PLTK) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The business had revenue of $620.80 million during the quarter, compared to the consensus estimate of $622.46 million. During the same quarter last year, the company posted $0.19 EPS. The firm’s revenue was down 1.5% on a year-over-year basis. Equities analysts forecast that Playtika will post 0.65 earnings per share for the current year.

Playtika Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 20th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 5.91%. The ex-dividend date was Friday, December 20th. Playtika’s dividend payout ratio (DPR) is currently 68.97%.

Insider Activity at Playtika

In related news, major shareholder Holding Uk Ltd Playtika II sold 291,508 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $8.17, for a total value of $2,381,620.36. Following the sale, the insider now directly owns 201,000,143 shares of the company’s stock, valued at $1,642,171,168.31. This trade represents a 0.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 753,894 shares of company stock valued at $6,239,985 over the last ninety days. 4.80% of the stock is owned by corporate insiders.

Institutional Trading of Playtika

Several large investors have recently bought and sold shares of PLTK. GAMMA Investing LLC boosted its stake in Playtika by 146.0% in the fourth quarter. GAMMA Investing LLC now owns 4,903 shares of the company’s stock valued at $34,000 after buying an additional 2,910 shares in the last quarter. Versant Capital Management Inc raised its position in Playtika by 148.7% in the fourth quarter. Versant Capital Management Inc now owns 5,847 shares of the company’s stock valued at $41,000 after purchasing an additional 3,496 shares during the last quarter. Acadian Asset Management LLC bought a new position in Playtika in the second quarter valued at about $43,000. Headlands Technologies LLC raised its position in Playtika by 648.8% in the second quarter. Headlands Technologies LLC now owns 6,687 shares of the company’s stock valued at $53,000 after purchasing an additional 5,794 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new position in Playtika in the third quarter valued at about $56,000. 11.94% of the stock is owned by institutional investors and hedge funds.

About Playtika

Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States, Europe, Middle East, Africa, Asia pacific, and internationally. The company owns a portfolio of casual and social casino-themed games. It distributes its games to the end customer through various web and mobile platforms and direct-to-consumer platforms.